Hi all. Hope everyone is gearing up for a good new year. This year I'm really hoping to dig myself out of the hole I'm in. For a little bit of background - I have chronic kidney disease and had to make the decision to leave my job in public school administration about five years ago. For the first three years, I did very well working from home as a virtual tutor and educational transcriptionist. When COVID hit, things were initially okay because students were learning from home, but soon families were having to cut all nonessential expenses which often meant me. My income was reduced by about 75% in 2020. I racked up quite a bit of credit card debt to cover living expenses with the expectation that things would improve quickly and I would be able to pay off the debt. As we now know, that simply hasn't happened. I owe about 15K across a number of different cards and a personal loan. As of now, everything is current, but I cannot continue at this rate.
I want to pay my creditors, but I cannot afford the current minimums. I'm considering contacting the credit card companies individually and asking about hardship plans, but I know they are often unwilling to help until you are behind. My creditors are: Capital One, Discover, Dell, Ollo, Opportun, Credit One, Aspire, Merrick Bank, Target, PayPal, and Upstart loan.
I live in South Carolina. The debt collection laws here are rather consumer friendly. I do not have the any property other than about $45,000 equity in my primary residence. I'm really trying to determine what the best course of action is. I know not paying the cards in hopes of qualifying for hardship programs involves a risk of suit, but even if there was a suit, I don't believe there's much they could take.
I also know there's the option of debt consolidation, but I know that would be yet another bill that I don't need and I might be able to accomplish the same thing myself. Does anyone have any experience with this process? What is your opinion/advice? Thanks so much.
Monifi/Mid first bank closed my account,while I realize they reserve that right, they told me in 3 different written communications that I would have access to my accounts until the 17th of November when in fact they revoked that access o. The 10th of November. Customer service has been less than helpful and has given me conflicting information. What are my options for an expedited solution? There’s 10140$ in there that they transferred right before they froze it and they continued to pull money from another account after the blocked my access. Thank you
I sent out a validation letter to a medical collection on the 1st. today the 17th i got an alert that a new account was added. The account was never removed to my knowledge but it is the same Collection but now the balance says zero. Why would they do this? I haven't received any response from them. Should I wait the 30 days to see if they remove, or move forward with another letter? Thanks for any response
I am trying to help a friend out that does not have access to the internet. He said the templates are nothing more than pre-done forms to remove or amend credit errors. I have been looking for hours. I was wondering if anything can either attach or tell me where to find them.
I missed a payment for a federal student loan and about a week and a half ago, it hit 7 years. Isn't it supposed to just fall off? When will that actually happen? Do I have to do something to make it fall off?
Thanks for your help!